State member bank definition

State member bank. ’ means a bank that is chartered by a State and is a member of the Federal Reserve System.
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State member bank means any stale chartered bank that is a member of the Federal Reserve System.
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State member bank. ’ means a
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Examples of State member bank in a sentence

  • The expense of examination of affiliates of any State member bank may, in the discre- tion of the Board of Governors of the Federal Reserve System, be assessed against such bank and, when so assessed, shall be paid by such bank.

  • The term ‘‘uninsured State member bank’’ means a State member bank (as defined in section 3 of the Federal Deposit Insurance Act) the deposits of which are not insured by the Federal Deposit Insurance Corporation.

  • This section shall not apply to any interest held by a State member bank in accordance with sec- tion 24a of this title and subject to the same conditions and limitations provided in such sec- tion.(Dec.

  • Except as provided in paragraph (a) of this section, every State member bank effecting securities transactions for customers, including transactions in government securities, and municipal securities transactions by banks not subject to registration as municipal securities dealers, shall maintain the following records with re- spect to such transactions for at least three years.

  • Reports concerning changes in control of a State member bank are to be made by the president or other chief executive officer of the bank, and shall be submitted to the Federal Reserve Bank of its district.

  • Reports concerning loans by an insured bank on the stock of a State member bank are to be made by the president or other chief executive offi- cer of the lending bank, and shall be submitted to the Federal Reserve Bank of the State member bank on the stock of which the loan was made.

  • Nothing contained in this section prohibits a State member bank from accepting deposits or cashing or otherwise handling checks or other negotiable instruments, or performing other lawful banking services for a State operating a lottery, or for an officer or employee of that State who is charged with the administration of the lottery.

  • For purposes of this paragraph, sec- tion 84 of this title shall be deemed to apply to a State member bank as if the State member bank were a national banking association.

  • Where the bank resulting from any such transaction is a State member bank, the Board of Governors is the agency that must pass on the trans- action.

  • CLEARING BANK.—The term ‘‘clearing bank’’ means an uninsured State member bank, or a corporation organized under section 25A of the Federal Reserve Act, which oper- ates, or operates as, a multilateral clearing or- ganization pursuant to section 409 1 of the Fed- eral Deposit Insurance Corporation Improve- ment Act of 1991.(Added Pub.


More Definitions of State member bank

State member bank means a state bank which is a member of the Feder- al Reserve System; and “state nonmember bank” means a state bank which is not a member of the Federal Reserve System.
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State member bank means a bank that is chartered by a state and is a member of the Federal Reserve System.(d) Unless the context indicates otherwise, “bank” shall be construed to mean a “state member bank,” and “complaint” to mean a “consumer complaint.” SECTION 227.2— Consumer-Complaint Procedure
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Related to State member bank

  • Member bank means a national bank, state bank, or trust company which is a member of the United States federal reserve system.

  • Associate Member means a person appointed to perform specific statutory and non-statutory duties which have been delegated by the Trust Board for them to perform and these duties have been recorded in an appropriate Trust Board minute or other suitable record.

  • Corporate Member means, corporate entity who have entered into a Membership Agreement with DOCOMO BIKESHARE, INC. under the Bicycle Rental (Sharing) system in pursuant to Article 3, such as profit corporations, non-profit corporations, public corporations, and those with juridical personality by law. Member: means, an Individual Member and a Corporate Member collectively referred to as Member.

  • Life Member means an Individual appointed as a Life Member of the Club under clause 5.2.

  • Community Member means any member of the public.

  • State bank means any bank incorporated pursuant to the provisions of this chapter after January 1, 1970, and any “state bank” incorporated pursuant to the laws of this state and doing business as such on January 1, 1970, or a bank organized as a limited liability company or a mutual corporation under this chapter.

  • Single member limited liability company means a limited liability company that has one direct member.

  • State board means the state board of education.

  • Community basin means an infiltration system, sand filter designed to infiltrate, standard constructed wetland, or wet pond, established in accordance with N.J.A.C. 7:8-4.2(c)14, that is designed and constructed in accordance with the New Jersey Stormwater Best Management Practices Manual, or an alternate design, approved in accordance with N.J.A.C. 7:8-5.2(g), for an infiltration system, sand filter designed to infiltrate, standard constructed wetland, or wet pond and that complies with the requirements of this chapter.

  • Member of the University Community means students, faculty, or staff, or other persons affiliated with the University.

  • Affiliate Member means an individual who is an umpire, referee, coach or other official who is associated with the Association but who is not an Individual Member.

  • New member means a person first employed on or after Septem- ber 1, 2005, including a former member who withdrew retirement contributions under Government Code 822.003 and is reemployed on or after September 1, 2005.

  • Member-managed limited liability company means a limited liability company that is not a manager-managed limited liability company.

  • Staff member means a staff member as defined in section 1(1) of the Public Service Act, 1995 (Act No. 13 of 1995);

  • Community land trust means an entity that meets the requirements of section 462A.31, subdivisions 1 and 2.

  • Executive Member means any elected member of the authority appointed to the executive of that authority;